Thread: House passes landmark financial reform bill

Originally Posted by CivilWars

So what information or evidence do you have that shows that TARP was successful?

Didn't I mention that it got the credit market back rolling? I am starting to think that you really don't know much about your industry other than whatever it is you do (underwriting?), or you are just playing coy.

Originally Posted by CivilWars

The big banks were writing loans before, during, and after TARP funds were given and repaid, so no affect on them. Smaller banks are failing left and right even after TARP, so no affect on them. So, you show me, who benefited from TARP again

Raising the flag. Banks did stop lending to each other as well as to businesses. And it wasn't going to end, there was a credit crunch, and was poised to expand massively. TARP injected much needed money into the credit market to get banks to makes loans again and to sustain it....

Originally Posted by CivilWars

As for dinosaurs failing what exactly happens when a bank fails? Oh yeah, another bigger bank takes them over. Who makes that happen? Oh yeah, the FDIC, I guess that is the government, right, I mean it is FDIC.gov after all. So one division of the government is saying, "banks, get bigger, so you can survive," and another division is screaming, "big banks, bad!!!" So which is it?

TARP money wasn't loaned out so banks can gobble up other banks, although it did happen, it shouldn't have and I believe there were fines for that.

So did those banks close because of TARP or in spite of it? You didn't answer that during your filibuster. So which is it?

Originally Posted by Kraker Jak

Consultant....only a fool looks for logic in a democratically passed legislation...

WTF is this supposed to mean?

Hawg that was unnecessary.

Originally Posted by Mr. White

Hawg that was unnecessary.

understood.